Myers Industries (MYE) to Release Earnings on Thursday

Myers Industries (NYSE:MYE - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect Myers Industries to post earnings of $0.19 per share and revenue of $206.80 million for the quarter.

Myers Industries (NYSE:MYE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The industrial products company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.09. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. The company had revenue of $203.88 million during the quarter, compared to analysts' expectations of $203.10 million. On average, analysts expect Myers Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Myers Industries Price Performance

Shares of NYSE:MYE remained flat at $10.53 on Tuesday. The company's stock had a trading volume of 220,026 shares, compared to its average volume of 333,904. Myers Industries has a 12 month low of $9.06 and a 12 month high of $23.05. The company has a fifty day moving average of $11.04 and a 200-day moving average of $11.57. The stock has a market cap of $392.73 million, a PE ratio of 25.07 and a beta of 1.08. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36.

Myers Industries declared that its board has authorized a stock repurchase program on Thursday, March 6th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Myers Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.13%. Myers Industries's dividend payout ratio is currently 284.21%.

Analyst Ratings Changes

Separately, StockNews.com raised Myers Industries from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.

Myers Industries Company Profile

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.